Daily chart has seen AUDJPY respecting premium daily levels (rejecting from Daily SIBI).
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
Comment:
So far nice disrespect of the h1 bullish arrays. likely getting close to an entry now.
Comment:
ISM news has sent this higher. will monitor for now, but nothing so far, and possibly invalidated.
Comment:
price appears to be reversing for bearish continuation. possible entry coming eventually. NZDJPY is weaker and could be the better short.
Order cancelled:
Reversing my bias here. Looking for weekly highs as next target.